Clients' kids don't have to go to four-year college, Harvard says

Research shows plenty of jobs will be available for grads of two-year and occupational programs
MAR 09, 2011
By  John Goff
The U.S. is focusing too much attention on helping students pursue four-year college degrees, when two-year and occupational programs may better prepare them for the job market, a Harvard University report said. The “college for all” movement has produced only incremental gains as other nations leapfrog the United States, and the country is failing to prepare millions of young people to become employable adults, said the authors of the Pathways to Prosperity Project, based at the Harvard Graduate School of Education in Cambridge, Massachusetts. Most of the 47 million jobs to be created by 2018 will require some postsecondary education, the report said. Educators should offer young people two-year degrees and apprenticeships to achieve career success, and do more to ensure that students who begin such programs complete them, said Robert Schwartz, academic dean at Harvard's education school, who heads the Pathways project. “For an awful lot of bored, disengaged kids who are on the fence about completing high school, they need to see a pathway that leads them to a career that is not going to require them to sit in classrooms for the next several years,” Schwartz said yesterday in a telephone interview. If young people don't have a degree or credential that helps them begin a career, the U.S. will continue to lag behind in educational attainment and preparing the next generation of workers needed to keep the economy strong, Schwartz said. About 14 million new job openings by 2018 -- or about half of all positions for people with postsecondary education -- will go to those with an two-year associate's degree or occupational certificate, the report said, using a job estimate from the Center on Education and the Workforce at Georgetown University in Washington. These “middle-skilled” jobs include registered nurses, dental hygienists, construction managers and electricians. Demand is “exploding” in health care, while construction, manufacturing and natural resources will provide about 2.7 million jobs that require a postsecondary credential, the report said. Two studies released in the last two months raised concerns that the nation's students aren't prepared to compete in the global economy. In January, the U.S Department of Education said fewer than half of U.S. students are proficient in science. In December, the Organisation for Economic Co-operation & Development, which represents 34 countries, released the 2009 Programme for International Student Assessment in December, showing 15-year-olds in China, Korea, Singapore, Hong Kong and Japan outperformed the U.S. in a test of reading, science and math.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.